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Inflation down again - but travel costs up.

The annual rate of inflation has gone down again.

At the end of April, the figure was 1.9% as measured by the Retail Prices Index . . down from 2.6% in March.

Figures show food costs dropped by 0.5% over the month . . but are up 5.7% over the last 12 months. Fares for travel showed a hefty rise of over 12% since the end of March.

Excluding housing costs, the annual rate of inflation shown by the RPI was also down to 2.2%, a drop of 0.3%

The Consumer Prices Index decreased to 1.0%, down from 1.6%.

The Economic Affairs Division of government says it's no longer possible to compare RPI inflation with equivalent UK figures due to the de-listing of the RPI index as a UK official national statistic in March last year.

 

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